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प्रश्न
What does a downward movement along the same demand curve indicate?
पर्याय
Increase in demand
Decrease in demand
Contraction in demand
Expansion in demand
उत्तर
Expansion in demand
APPEARS IN
संबंधित प्रश्न
What is meant by an increase in demand?
If Coke and Fanta are close substitutes to each other, a rise in price of Coke will lead to ______ for Fanta.
What does an upward movement along the same demand curve indicate?
What is an expansion of demand?
What is a decrease in demand?
With the help of a suitable diagram, distinguish between a change in quantity demanded and a change in demand.
Define contraction of demand (or decrease in quantity demanded).
What causes a downward movement along a demand curve?
The following table shows a change in the demand. Read the table carefully and answer the question that follows:
| Case I | Case II | ||
| Price (₹) | Quantity | Price (₹) | Quantity |
| 10 | 20 | 10 | 20 |
| 10 | 10 | 5 | 20 |
What type of change is it, decrease in demand or contraction in demand? Give a reason.
State whether the following statement is true or false. Give reasons.
Contraction of demand is the result of a decrease in the number of consumers.
